About: Pedro Passos Coelho

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Economy & Jobs 08-04-2013

EU warns Portugal to stick to fiscal targets after court ruling

Brussels has warned Portugal to stick to the bailout austerity measures agreed in 2011 or risk losing further financial hep. The warning came following a decision by the Portuguese constitutional court to reject a set of unpopular public spending cuts aimed at reducing the country's deficit. In a televised speech on Sunday, Portugal's prime minister Pedro Passos Coelho described the country's economic situation as a 'national emergency' and pled to follow the terms agreed with international lenders.

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